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Steel Imports Report: Belgium
Background
Belgium was the world’s sixth-largest steel importer in 2017. In 2018, Belgium imported 15.0 million metric tons of steel, an 8 percent increase from 14.0 million metric tons in 2017. Belgium’s imports were about 4 percent of all steel imported globally in 2017. The volume of Belgium’s 2018 steel imports was slightly more than half that of the European Union’s largest importer, Germany, and slightly more than half that of the United States, the world’s largest importer. In value terms, steel contributed just 2.6 percent of the total goods imported into Belgium in 2018.
Belgium imported steel from more than 80 countries and territories in 2018. The 10 countries highlighted in the map below represent the top sources for Belgium’s imports of steel, with the Belgium receiving more than 400 thousand metric tons from each and together accounting for 86 percent of Belgium’s steel imports in 2018.
Over the past decade, Belgium has maintained a consistent trade surplus as it’s imports and exports have displayed roughly similar trends: both saw notable increases between 2005 and 2007, declined significantly by 2009, and have since gradually recovered. Between 2009 and 2018, Belgium’s steel imports and exports have grown 60 percent and 44 percent respectively. In 2018, Belgium's steel trade surplus amounted to 3.1 million metric tons, a 21 percent decrease from a surplus of 3.9 million metric tons in 2017.
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